Thursday, 8 January 2015

Success story

Posted by Fort Financial Services at 12:16
One of the biggest stories from the world of Forex belongs to George Soros. His career has started in 1969 with the foundation of Quantum fund in Curacao which has earned a substantial profit on spot market equal to McDonalds' annual profit. However, one of the most famous trades George has executed was with the British pound. Thereby, he has earned 2 000 000 000$ profit in a month time. After that, he has gained a reputation of a person who has ruined the bank of Great Britain.
He borrowed Pounds and sold them for Deutsche Marks. George has sold around 10 000 000 000 Pounds which has drastically affected Great Britain. On 16th of September 1992, central bank of Great Britain has increased the interest rate from 10% to 12% in order to neutralize the situation. However, this has not helped and George was able to earn an extreme profit in only a few weeks time.

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